Javzanpagma started her business in 2004 by selling building materials at Tsaiz, Mongolia's biggest raw materials outdoor market, with a working capital of 2,000,000 MNT. In 2007, she bought a semi-automatic cutting machine for 3,000,000 MNT to produce firewood. Javzanpagma buys raw materials from the wood truck which comes from the countryside and sells the firewood. As a result of her hard work, she now has working capital of 6,500,000 MNT.
Javzanpagma is requesting a loan of 3,500,000 MNT to buy more wood this season as the price will be lower compared to summer. Therefore she can buy wood at a low price and produce firewood to sell at a higher price in the summer. Javzanpagma wants her children to get an excellent education and her purpose for the upcoming year is to build a new small house for her family.
About TranscapitalTranscapital is one of the leading non-bank financial institutions (NBFI) in Mongolia. Through 12 branches, it serves mainly urban and semi-urban microfinance clients, including a growing number of migrants in the capital city of Ulaanbaatar. Of its clients, almost 68% are women and 60% live in ger districts, settlements made up of houses and traditional Mongolian felt tents that lack basic infrastructure.
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